Cavco Industries, Inc. Announces Executive Changes
February 23, 2021 at 04:23 pm EST
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On February 19, 2021, the employment of Daniel L. Urness, Executive Vice-President, Chief Financial Officer and Treasurer with Cavco Industries, Inc. was mutually concluded. As previously disclosed by the Company in September 2020, Mr. Urness received a Wells Notice from the staff of the Securities and Exchange Commission relating to its pending investigation. Mr. Urness had been on leave since October 2020. The decision to separate was driven by Mr. Urness' ongoing need to focus on addressing the Wells Notice coupled with the Company’s need for an active Chief Financial Officer. Paul Bigbee, the Company's Chief Accounting Officer, will continue to act as the Company’s Principal Financial Officer and Principal Accounting Officer.
Cavco Industries, Inc. designs and produces factory-built homes. Its segments include Factory-built Housing and Financial Services. The Factory-built Housing segment includes wholesale and retail factory-built housing operations. The Financial Services segment includes manufactured housing consumer finance and insurance. Its factory-built homes are distributed through a network of independent and Company-owned retailers, planned community operators and residential developers. Its manufactured homes are marketed under a variety of brand names, including Cavco, Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood, MidCountry and Solitaire. It is also a producer of park model recreational vehicle (RVs), vacation cabins and factory-built commercial structures, as well as modular homes. CountryPlace Acceptance Corp. is its finance subsidiary and Standard Casualty Co. (Standard Casualty) is its insurance subsidiary.
CAVCO INDUSTRIES, INC. 
